Dupont Capital Management Corp boosted its position in Alibaba Group Holding Ltd (NYSE:BABA) by 9.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 125,492 shares of the specialty retailer’s stock after buying an additional 10,407 shares during the quarter. Dupont Capital Management Corp’s holdings in Alibaba Group were worth $20,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. RNC Capital Management LLC grew its position in shares of Alibaba Group by 16.9% in the second quarter. RNC Capital Management LLC now owns 1,905 shares of the specialty retailer’s stock valued at $353,000 after purchasing an additional 275 shares in the last quarter. Viridian Ria LLC grew its position in shares of Alibaba Group by 5.2% in the second quarter. Viridian Ria LLC now owns 5,749 shares of the specialty retailer’s stock valued at $1,067,000 after purchasing an additional 285 shares in the last quarter. Wagner Bowman Management Corp grew its position in shares of Alibaba Group by 20.9% in the second quarter. Wagner Bowman Management Corp now owns 1,680 shares of the specialty retailer’s stock valued at $311,000 after purchasing an additional 290 shares in the last quarter. Adviser Investments LLC grew its position in Alibaba Group by 16.5% during the second quarter. Adviser Investments LLC now owns 2,060 shares of the specialty retailer’s stock worth $382,000 after buying an additional 292 shares in the last quarter. Finally, Fiduciary Trust Co. grew its position in Alibaba Group by 7.4% during the second quarter. Fiduciary Trust Co. now owns 4,250 shares of the specialty retailer’s stock worth $789,000 after buying an additional 294 shares in the last quarter. 38.76% of the stock is owned by institutional investors and hedge funds.

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Shares of BABA stock opened at $144.85 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.42 and a quick ratio of 1.44. Alibaba Group Holding Ltd has a 12-month low of $130.06 and a 12-month high of $211.70. The stock has a market cap of $390.58 billion, a price-to-earnings ratio of 35.94, a PEG ratio of 1.41 and a beta of 2.35.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Friday, November 2nd. The specialty retailer reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.19. Alibaba Group had a return on equity of 12.99% and a net margin of 19.33%. The firm had revenue of $12.40 billion during the quarter, compared to analyst estimates of $12.51 billion. During the same quarter in the previous year, the company posted $1.29 earnings per share. The company’s revenue was up 49.6% compared to the same quarter last year. Equities research analysts anticipate that Alibaba Group Holding Ltd will post 3.48 earnings per share for the current fiscal year.

Several equities analysts recently commented on BABA shares. Goldman Sachs Group boosted their target price on Alibaba Group from $241.00 to $247.00 and gave the stock a “buy” rating in a research report on Wednesday, October 3rd. Macquarie reduced their target price on Alibaba Group from $250.00 to $225.00 and set an “outperform” rating for the company in a research report on Tuesday, October 23rd. SunTrust Banks reduced their target price on Alibaba Group from $195.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Barclays set a $210.00 target price on Alibaba Group and gave the stock a “buy” rating in a research report on Wednesday, October 10th. Finally, ValuEngine upgraded Alibaba Group from a “sell” rating to a “hold” rating in a research report on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $216.02.

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About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.